First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Sees Unusually-High Trading Volume

Posted by Grant Hamersma on Jul 26th, 2024

Shares of First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 151,411 shares changed hands during trading, an increase of 46% from the previous session’s volume of 103,554 shares.The stock last traded at $186.20 and had previously closed at $184.52.

First Trust NASDAQ 100 Technology Index Fund Price Performance

The firm has a 50-day moving average price of $195.34 and a two-hundred day moving average price of $188.75. The firm has a market capitalization of $3.89 billion, a P/E ratio of 35.60 and a beta of 1.17.

First Trust NASDAQ 100 Technology Index Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.0342 dividend. This is an increase from First Trust NASDAQ 100 Technology Index Fund’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a dividend yield of 0.07%. The ex-dividend date was Thursday, June 27th.

Institutional Trading of First Trust NASDAQ 100 Technology Index Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. MeadowBrook Investment Advisors LLC bought a new stake in shares of First Trust NASDAQ 100 Technology Index Fund in the fourth quarter valued at about $30,000. ICA Group Wealth Management LLC bought a new stake in shares of First Trust NASDAQ 100 Technology Index Fund in the fourth quarter valued at about $35,000. Mather Group LLC. bought a new stake in shares of First Trust NASDAQ 100 Technology Index Fund in the first quarter valued at about $36,000. IAG Wealth Partners LLC bought a new stake in shares of First Trust NASDAQ 100 Technology Index Fund in the second quarter valued at about $36,000. Finally, Fifth Third Bancorp bought a new stake in shares of First Trust NASDAQ 100 Technology Index Fund in the second quarter valued at about $48,000.

About First Trust NASDAQ 100 Technology Index Fund

(Get Free Report)

The First Trust NASDAQ-100-Technology Sector Index Fund (QTEC) is an exchange-traded fund that is based on the NASDAQ-100 Technology Sector index. The fund tracks an equal-weighted index of the largest Nasdaq-listed US technology stocks. QTEC was launched on Apr 19, 2006 and is managed by First Trust.